Elon Musk Is No Longer Supporting Trump With $45 Million A Month

During a recent interview on X with Jordan Peterson, Elon Musk said he is not giving Trump $45 million a month. Peterson asked Musk during the interview if he was shocked to be donating $45 million a month to Trump’s campaign. Musk responded by stating that what the media is reporting is not t...

Elon Musk Moving SpaceX and Tesla Headquarters To Texas

Elon Musk recently announced he is moving both of his companies, SpaceX and Tesla from California to Texas, citing pro LGBT laws in California that he said do not favor companies or families.

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Saudi Aramco Makes 7 New Hydrocarbon Discoveries

My cup floweth over. Saudi Aramco, the largest oil producer in the world, is reported to have made seven new oil & gas discoveries, all within the Saudi Kingdom, specifically in its Eastern Province and Empty Quarter.  The seven discoveries include: two gas reservoirs, two gas fields, two s...

The Richest Man In Mexico Makes $1.2 Billion Oil Investment

Carlos Slim, the richest man in Mexico is making a $1.2 billion oil & gas investment, to develop Lakach, a giant oil filed offshore Gulf of Mexico. Lakach was discovered in 2007 and lies about 61 miles southeast of Veracruz. Carlos Slim’s investment company will partner with Pemex, Talos E...

Jeff Bezos is Selling $5 Billion of Amazon Shares

A regulatory filing revealed Jeff Bezos is planning to sell twenty five million shares of Amazon stock, valued at almost $5 billion. This comes after Amazon’s stock hit an all time high of $200.43 a piece. After the sale, Bezos will still own 912 million shares of Amazon or 8.8% of the company...

Oil & Gas Major ENI To Divest $4 Billion Worth Of Assets

Eni SpA, the Italian oil & gas major is looking to sell some of its upstream assets, estimated at $4.3 billion. The sale is reported to involve assets in Indonesia, Cyprus, Alaska, and Ivory Coast, amongst others. Eni is reportedly divesting of these assets to raise capital to finance its green ...

President Biden Awards $504 Million To Technology Hubs

The Biden administration has awarded $504 million in grants to certain technology hubs working on innovative technologies like artificial intelligence, clean energy, and AI chips. The funding is in an attempt to spur national growth and development of cutting edge technologies and create more tech j...

Hurricane Beryl Advances Into Category 5 and Causes Extensive Destruction

Beryl has advanced from a category 4 to a category 5 storm, and has reportedly caused massive carnage and destruction in parts of the Caribbean. Almost 90% of buildings, homes, and other infrastructure in eastern Caribbean were levelled. Beryl has also hit Jamaica, Cayman Islands, and Yucatan Penins...

Boston Celtics Majority Owner To Sell Stake In Team

The majority owner of NBA team Boston Celtics is selling his stake in the team. Wyc Grousbeck, majority owner of Boston Celtics announced on a post on X:

"Boston Basketball Partners L.L.C., the ownership group of the Boston Celtics, announced today its intention to sell all the shares of th...

President Biden Wants To Increase US Corporate Taxes To 28%

In an attempt to make companies pay more taxes, President Biden is pushing to increase US corporate taxes to 28%. This is stemming from the notion that corporations in the US are known for not paying their fair share in taxes. However not everyone is in support of this move, and some think increasin...

Saudi Aramco Awards $25 Billion In Contracts For Jafurah Gas Field Development

Saudi Aramco (Aramco) has awarded various contracts totaling $25 billion for the development of its enormous unconventional Jafurah gas field, expansion of the country’s Master Gas System, and new drills. Over $12 billion was awarded for core Jafurah developments, to include works like constru...

Hurricane Beryl Advances into Category 4

The first hurricane of the Atlantic season, Beryl has intensified into a category 4 storm, and is heading for the Caribbean. Grenada and Tobago, Barbados, Saint Lucia, Sant Vincent & the Grenadines, and Haiti are projected to be in its path. With winds of 130 mph, such a dangerous storm could ca...

Will The Huge Investments in AI Ever Pay Off?

As is already well known, artificial intelligence is a capital-hungry and energy-hungry technology. Technology companies are reportedly pouring in over $1 trillion into AI. These investments are going into developing larger data centers, better AI chips, and energy grids. But the big question being ...

The Need For Storing Excess, Unused Clean Energy

In the applications that they are employed in, solar and wind usually produce more energy that the system can typically use on a given day. Take homes for instance. Most homes with solar panels typically produce more electricity than the home uses in any given day. What becomes of the unused power? ...

China Builds The World's Largest Solar Farm

China Green Development Investment Group is reported to have built the largest solar farm in the world. The solar farm is reported to comprise more than 5 million panels and will produce 3.5 gigawatt of electricity. The farm covers over 33,000 acres, is located in Xinjiang province of China, and cos...